Latin American News Roundup March

March 27, 2024

 

Latin American News Roundup March

 

As specialist logistics service providers to and from the region, Envío has summarised a few recent items of Latin American news from this month.

 

Argentina – New President’s Austerity Agenda

Amid growing social tensions, the president is struggling to overcome hostile lawmakers to fully enact his radical austerity agenda. New President – Javier Milei – has been in office for over 100 days now and while achieving early success, he is struggling to implement his most far-reaching reforms. During his short spell in office he has devalued the peso by 50 percent, slashed state subsidies for fuel, and reduced the number of ministries by half, with many of his changes being welcomed by the IMF.

Argentina’s monthly inflation reading slowed to around 13% last month, which is still painfully high but down from a sharp peak in December. However, his austerity drive has been squeezing shoppers, and while it is intended to help rein in grocery price rises, protests have followed this month against government cuts to community food kitchens.

Brazil – Floods & Landslides Wreak Havoc

Haiti – Gang Violence State of Emergency

Armed gangs have taken over parts of Haiti’s capital, calling for the resignation of its Prime Minister and sending the city and country into chaos. The government declared a state of emergency this month after attacks on government buildings, banks, and private homes. Regular citizens, including children, have been caught in the middle and thousands of prisoners have been released onto the streets by organised crime gangs.

Panama – Canal Lifts Daily Passages

A much needed spell of rain enabled the Panama Canal Authority (ACP) to increase the number of daily vessel passages this month from 24 to 27. This is still considerably lower than the 38-39 daily transits that were being made before last year’s severe drought, but is being viewed as a step in the right direction. Back in January there were fears that the number of passages would be cut to 18 by the end of February.

Other News

Uruguay Launches New Rail Freight Corridor

Uruguay Launches New Rail Freight Corridor

  Uruguay Launches New Rail Freight Corridor Luis Lacalle, Uruguay's president, has recently inaugurated the Ferrocarril Central de Uruguay - a new rail corridor primarily for freight, which connects Paso de los Toros, in central Uruguay, to the port of Montevideo....

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Envío’s Josh Gets Ready For London Marathon

Envío’s Josh Gets Ready For London Marathon

  Envío's Josh Gets Ready For London Marathon Over 50,000 runners will be setting off from Greenwich in this Sunday’s London Marathon, as they stagger their starts from 8:15am. Among the many that are hoping to be running down The Mall to finish the race this year is...

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Brazil’s Ports Are 50 Years Behind The Times

Brazil’s Ports Are 50 Years Behind The Times

Brazil's Ports Are 50 Years Behind The Times Brazil's President - Luiz Inácio Lula da Silva (Lula) - has embarked on a new drive to put the nation's ports and terminals into private hands this month, following a damaging report that suggested they were 50 years behind...

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Surge In Traffic At Mexico’s Ports

Surge In Traffic At Mexico’s Ports

Surge In Traffic At Mexico's Ports A surge in traffic has been witnessed at Mexico’s container ports in January, as throughput increased by 20% from the previous month, leading to concerns that the ongoing growth will put a strain on capacity. The increased volume was...

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